Rupee snaps 5-day Fall

Rupee rallied on Wednesday (12 June 2013), snapping a five-session losing streak, as an upgrade by Fitch Ratings helped calm investor nerves after a series of record lows were hit in recent sessions on the back of massive debt outflows.

Rupee closed at 57.79/80 per dollar, 1 percent stronger compared with 58.39/40 on Tuesday.

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